The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.
Bank of America, which is the second largest U.S. bank, said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion.
Instead of a carbon tax, Vicki Hollub, CEO of U.S. shale producer Occidental Petroleum, says she prefers the use of tax credits incentivizing the development of carbon capture projects.
The bill authorizing $8 billion to plug and clean up abandoned oil wells nationwide is sponsored by Representative Teresa Leger Fernandez, whose home state of New Mexico is a major oil and gas producer.
The money will be invested by Eni and its joint venture partners in the country in exploration and production, refining and solar energy.
Accelerates deployment of Andium’s next generation IIoT Remote monitoring capabilities focused on reducing emissions across the oil and gas sector.
The acquisition a majority stake in Swift Current Energy is being made as part of a new strategic partnership between Buckeye and Nala Renewables.
As countries around the world commit to reducing their emissions to meet global climate targets, advocates for a “just transition” say more must be done to ensure those working in fossil fuel industries are not left behind.
While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.
Driven by natural gas customer demand and broader ESG trends, Project Canary is working with nearly 100 partners across the energy sector, including investors, oil and gas producers, pipeline operators, utilities and LNG providers.